Quote from: Heider on June 22, 2014, 05:54:35 AM

Quote from: JimboToronto on June 22, 2014, 05:23:25 AM

I know you meant seized, but it still doesn't make sense.

The auction price won't be based on some silly little exchange price. It will probably be somewhat higher than exchange prices since it offers the opportunity for a venture capitalist, bank, or serious investor (typical bidder according to leaks) to buy a lot of coins at a relatively low price, without raising the price part way through the transaction.

A good strategy would be to win one or more of the auctions and then buy a couple of thousand coins at market price to greatly increase the value of the coins bought at auction.

It's not rocket surgery.

I've been through auctions in the past, and (in a general auction) when someone sells something, it would be based on "today's" market price, Since the auction have not officially started yet, then today's price isn't known yet, and that it to be calculated at the beginning of the auction's date. Therefore, I still strongly believe that the price will be pushed down sooner or later by someone knowing what they're doing.

When we talk about a 1000 BTC, that's more than half a million dollars in today's price, if I had that sort of money at the moment, I would guarantee to "somehow" control (or have a little saying) in moving the price North or South. For someone having the power to buy 3000 BTCs; I would certainly expect the market to shake before and after that auction.
Heider

This is why the market is kind of flat at the moment. Many people are waiting to see how this pans out.

Opinions differ. I hear and hopefully understand your argument, but I still think that those with sufficient resources to participate ($200,000.00 may not seem like much but it excludes many) will have the foresight to see the opportunity to immediately increase the value of their new coins at little additional cost.

According to the leaked list of bidders, these aren't a bunch of petty daytraders, but rather those with a longer-term agenda.

Cheers.